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20121002
20121002
Search Results 0 to 4 of about 5 (some duplicates have been removed)
in state government debts as well. now my final number: $50,000 is the median household income. so, we owe $12,000 more than we make. that means as a nation what we owe now exceeds what we have. that also means even if you confiscate all that we make every penny of its you would not come close to covering what we spend, any of it. that is the issue the guys should be hammering tomorrow night, how vulnerable we are. the guy would lays it out would not just be reframing the debate but setting off a firestorm. but one that need not concern him or us. as the fine of the mind in both political parties have told me, and, yes, there are still quite a few, to quote a certain vice presidential candidate, we can do this. listen to two guys on my fox business network show, which if you don't get you should demand, last night, retired democratic senator sam nunn and former republican senator bob bennett appears jointly on fox business network. each offering relatively modest proposals to fix this mess. listen closely. >> we particularly have to discuss, frankly, with the american people, that the enti
as compared to romney's own perscriptions that call for smaller less expensive government. for the president what he's going to try to do is say look, maybe things aren't so great but it is partly the fault of george w. bush and the republicans who were in office prior to the democrats taking control in 2009, so we need time to fix it, and by the way, the president will also say that he wants to increase taxes on people like mitt romney to help pay down some of that debt. >> reporter: we just put of that graphic there showing the $16 trillion of debt and there are so many digits it almost doesn't fit on the tv screen across the screen there, as you can see. but haven't americans in some way become number to astronomical numbers? how serious is this in. >> they have become number. is it the new normal this massive spilling of red ink but it raises three problems which i don't think the nation has got even to grips with yet. number one our economy is smaller than our debt. we look like europe, we know what happened there. number two we are spending $9 billion every week just paying interest on
as we can get and we'll doll -- dole it out as we see fit there are some government programs that work but most don't. education for example can't be improved from washington. it has to be done from your hometown. you guys have to do it by forcing local school administrators to impose discipline and actually teach the children subjects that matter. when americans vote in november, they will be voting for one of two things. the free marketplace, capitalistic approach espoused by mitt romney or the social justice spread the money around approach championed by the president. america is a changing country, that's why n bad economy president obama is hanging tough. and that's the memo. now for the tore story tonight. preparing for the big debate. president obama training in nevada. you may have heard my opponent and i are going to have a debate i'm looking forward to it? >> we are too. >> the media is speculating who is going to have the best zingers, governor romney is a good debater. i'm just okay mitt romney already in denver prepping for wednesday's big event. with us now is fox news se
are given the choice of, well, government programs or cutting, they hang on to what they know, or what they have. but ultimately it's leading to a very dangerous path, i think, financially. >> well, i think that california has had a history of always spending more money it takes in. i think ronald reagan went through that big challenge, as you remember, when he became governor, he had to raise taxes, how to figure out how to make the severe cuts that he did. 10 years later, another republican governor had to raise taxes, went through the same problem. 10 years after that, pete wilson became governor, another republican, he had to raise taxes. 10 years later, i had to raise taxes. i hated it. arnold, how can you do that? you promised the people you wouldn't raise taxes. all of a sudden you are there with a $40 billion deficit because the economy took a dive and we had less revenues coming in. >> sean: even the car tax. >> exactly. it's a real clem and real dileml challenge. i was adamant about solving the financial problem of california to pay down the debt, number one. number two, to m
Search Results 0 to 4 of about 5 (some duplicates have been removed)